Institution Linked to a16z Holds and Stakes 4.679 Million HYPE Worth $381 Million, Profiting $74.4 Million

Odaily News: According to on-chain analyst Ember's monitoring, after purchasing HYPE worth $24 million at $68.7 in June, the largest HYPE holder, suspected to be linked to a16z, has again bought and staked HYPE. In the past day, the institution deposited 36 million USDC into Hyperliquid through 12 addresses to purchase HYPE. It has already used 24 million USDC to buy 282,090 HYPE at an average price of approximately $85.1. The institution currently holds and stakes 4.679 million HYPE, worth $381 million, with an average price of about $65.6, resulting in a profit of $74.4 million.